Management of Menzgold Ghana, a company founded by Nana Appiah Mensah popularly known as "Nam 1", which was into gold dealership business until it's shut down in September 2018. Nana Appiah Mensah was charge of fraudulent act, resulting to the company's shut down in September 2018 which left thousands of Ghanaians aggrieved due to their investment in the company. Customers' deposit at Menzgold have been locked out since the shutdown and can't access their investments, leading to demonstrations at its various branches. In January 2019, the Economic and Organised Crime Office of Ghana, secured a court order to freeze all landed properties and vehicles belonging to the embattled Chief Executive Office of Menzgold Ghana Limited, . The landed properties include Menzgold Ghana Limited, Menzgold Office Complex, Zylofon Art Complex, Brew Marketing Consult, Star Mad. Football Club, Zylofon Music and Media Company Limited, Brew Energy Company Limited and G. Tech Automobile Service. Nana Appiah Mensah who later went to Dubai to claim some of his money to pay his customers was arrested and sued by a Dubai based company called Horizon Royal Diamond. He won the case and was released which the court ordered an amount of $39 million to be paid to him. He returned to Ghana and was arrested by the Ghana Police and later released on bail of 1 billion Ghana Cedis. Nana Appiah Mensah is now preparing a payment schedule for his customers. On Wednesday, January 8 2020 some aggrieved customers of Menzgold Ghana Limited massed up at the residence of Nana Appiah Mensah to discuss payments of their locked up funds. Nana Appiah Mensah fired shots to ward off his angry customers.
In a recent press release, the embattled company stated that the payment will follow a final audit of documents from customers who claim their monies have been locked up and made it clear that payment will commence on December 20, 2021 to June 30, 2022.
“We strive to complete the final phase of our audit endeavours and shall proceed to fully publish the following in the print and digital new media; list of all paid traders/clients paid so far and list of all final eligible traders/clients as well as the total sum of indebtedness by Menzgold Ghana Co. Limited.
“Menzgold shall proceed to pay the final publicized list and total sum from the 20th of December, 2021 to 30th June, 2022 in our quest to give final closure to this very depressing matter and to restore our dear enviable Company’s integrity,” part of the statement published on October 7, read.
The company stated that it has already paid some “deserving” clients.
Meanwhile, the company in its press release stated that an earlier rigorous audit showed some documents they were presented with were either incomplete, fraudulent, or inconsistent.
Again, the company stated that it has also uncovered evidence that points to the fact that, some claimants purporting to have their funds locked up at Menzgold transacted through third parties.
These parties, it said, include some “unethical” Menzgold and Brew Marketing Consult staff members, adding that other supposed customers engaged via referrals and mostly close relations who took delivery of their funds.
This the company added was “under the pretext of signing them (customers) unto the Menzgold “Gold Vault Market” but ended up engaging in the many cryptocurrency products on sale on the Ghanaian market, with a monthly return on investment (ROI) ranging between 30%-60%.”
Thus, Menzgold is commencing the next and audit phase by interviewing these customers to ascertain the facts.
This would help the company “satisfy ourselves with regards to questionable adverse discrepancies and irregularities that characterize some transactions claims received for audit and its subsequent payment.
“Hence, invitations would be extended to some individuals between the 3rd October 2021 to the 6th of December 2021 for interactions in a bid to justify discrepancies or irregularities.”
Following this exercise, Menzgold added they will send a petition to the Criminal Investigations Department of the Ghana Police Service to investigate all interdicted persons including alleged conspirators, purported clients, Menzgold and Brew Marketing staff members.
Content created and supplied by: BuddySleek (via Opera News )
Opera News is a free to use platform and the views and opinions expressed herein are solely those of the author and do not represent, reflect or express the views of Opera News. Any/all written content and images displayed are provided by the blogger/author, appear herein as submitted by the blogger/author and are unedited by Opera News. Opera News does not consent to nor does it condone the posting of any content that violates the rights (including the copyrights) of any third party, nor content that may malign, inter alia, any religion, ethnic group, organization, gender, company, or individual. Opera News furthermore does not condone the use of our platform for the purposes encouraging/endorsing hate speech, violation of human rights and/or utterances of a defamatory nature. If the content contained herein violates any of your rights, including those of copyright, and/or violates any the above mentioned factors, you are requested to immediately notify us using via the following email address operanews-external(at)opera.com and/or report the article using the available reporting functionality built into our Platform See More